A Farewell To Alms

A Farewell To Alms

A Brief Economic History Of The World

Book - 2007
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Why are some parts of the world so rich and others so poor? Why did the Industrial Revolution--and the unprecedented economic growth that came with it--occur in eighteenth-century England, and not at some other time, or in some other place? Why didn't industrialization make the whole world rich--and why did it make large parts of the world even poorer? Economic historian Clark tackles these questions and suggests a new and provocative way in which culture--not exploitation, geography, or resources--explains the wealth, and the poverty, of nations.--From publisher description.
Publisher: Princeton : Princeton University Press, c2007.
ISBN: 9780691121352
Characteristics: xii, 420 p. : ill., maps ; 24 cm.


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Aug 31, 2017

I found this an extremely stimulating book. Sure, a lot of the issues are contentious. But the material is copious and well presented.

May 05, 2014

Although I disagree that institutions have little role in economic developement or growth, I have to give credit to the amount of research done. He has definitly convinced me that having a literate and skilled middle class in order to start a industrial revolution. However I would not downplay the role of a good govermental instutions to promote economic growth.

Mar 15, 2014

While I also disagree with Jared Diamond, like the author, I believe Cain and Hopkins book on the British financial empire demolishes this book. It isn't always an either-or-situation as the author assumes. (For the author's premise to be correct, one must ignore all the slavery and thievery and resource theft from the predatory capitalists: opium wars, subjugating - - most definitely financially -- China, India, et cetera. - - does not jibe.)

Apr 21, 2009

The Malthusian trap is informative, but the discussion of the industrial revolution (source and constrains) is contentious to say the least, labour efficiency as a central factor -- I have my doubts

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